One Major Difference Between Deferral and Accrual Adjustments Is

question 35

Multiple Choice

One major difference between deferral and accrual adjustments is:

• A)accrual adjustments are influenced by estimates of future events and deferral adjustments are not.
• B)deferral adjustments are made before taxes and accrual adjustments are made after taxes.
• C)deferral adjustments are made monthly and accrual adjustments are made annually.
• D)accounts affected by an accrual adjustment always go in the same direction (i.e.,both accounts are increased or both accounts are decreased)and accounts affected by a deferral adjustment always go in opposite directions.

---

Definitions:

Antagonist

In pharmacology, a substance that blocks or dampens a biological response by binding to and inhibiting the effect of an agonist (the substance that would normally induce that response).

Receptor Sites

Specific locations on the surface of a cell or within the central nervous system where neurotransmitters bind to trigger a response.

Sleep

A naturally recurring state of rest for the mind and body, characterized by altered consciousness and reduced sensory and muscle activity.

Mood

A temporary state of mind or feeling that can affect an individual's perception, behavior, and cognitive functions.